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Lawrence 01841 Tower Hill
7 Pearl Ave
$275,000
● House - Off Market

7 Pearl Ave

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,512 Ft²
$424,800
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

What a beauty! MOVE IN READY. This home is located on a quiet, dead end street in the Tower Hill are of Lawrence. This home has been well cared for with excellent finishing touches. It features a very comfortable floor plan with living room, dining room and kitchen on first floor level and 4 bedrooms on the second floor. The home has high-end stainless steel appliances and beautiful hardwood floors throughout there is a large, shaded deck off the dining room to compliment the comfortable living space and a separate side entrance off kitchen make grocery loading a breeze! Come see this move in ready home today!
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$185
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #72400604)

Price History

Date / Event Date Event Price
May 17, 2021 Sold
Premium
Sold
Oct 10, 2020 Listed by Home Shop Properties, Inc. $410,000
Listed by Home Shop Properties, Inc.
Nov 16, 2018 Sold
Premium
Sold
Sep 25, 2018 Listed by Home Shop Properties, Inc. $279,900
Listed by Home Shop Properties, Inc.
Jan 29, 2016 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,760
  • Total Building Area: 1,512
  • Gross Building Area: 3,228
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAWRENCE
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 251400

Geography

  • Account Number: 206 0000 0087 A
  • Parcel: LAWR M:0206 B:0000 L:0087
  • Lot: 87
  • Municipality: LAWRENCE
  • Latitude: 42.6991
  • Longitude: -71.1801

    Address

  • Full Address: 7 Pearl Ave
  • Address - House Number: 7
  • Address - Street Name: Pearl
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4504
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $356,900

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 477,902
  • High Value: 568,657
  • Low Value: 387,147

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $385,800
  • Assessed Land Value: $115,500
  • Assessed Improvements Value: $270,300

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16418
  • Previous Sale Recording Date: Nov 16, 2018
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Tower Hill

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$285

Below Asking

0.01%

Average Days on Market

61

Average Home Size

2196 ft²

Average Home Age

114.7 years

Currently For Sale

13 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72400604

Frequently Asked Questions

When was property at 7 Pearl Avenue built and last sold?
The property at 7 Pearl Avenue was built in 1920 and last sold on May 14, 2021 for $410,000.
How much is this home worth?
The estimated value of the home located at 7 Pearl Avenue is $405,341.
What are some comparable homes to 7 Pearl Avenue?
There are currently no comparable homes to 7 Pearl Avenue.
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